The Board of Directors of AIA Insurance Lanka PLC announcing the financial results of the Company and its subsidiaries for the year ended December, 31 2014.
The execution of clear strategic priorities lead to the sustained growth of Gross Written Premium (GWP) by 7.1 per cent to Rs 10,213 million compared with Rs 9,536 million in 2013.
Investment income,including gains,grew by 6.8 per cent to Rs 4,707 million, mainly due to the increase in market values of equity securities Life insurance GWP grewby 5.9 per cent to Rs 7,267 million General insurance GWP increased by 10 per cent to Rs 2,946 million Solid performance with significant investment in countrywide expansion.
Consolidated profit after tax was lower at Rs 352 million,including a significant investment in expanding our branch network to deliver long-term,sustainable growth and lower investment income from a reduction in interest rates. A life surplus of Rs 100 million was declared
AIA Sri Lanka CEO Shah Rouf said: "In 2014 we continued our focus on delivering quality growth through the execution of our strategic priorities. During the year, we successfully expanded our footprint across Sri Lanka by increasing our branch network to 123 locations and growing our number of Wealth Planners to over 5,000.
"Our customers are at the heart of what we do and our investment in expanding our business will enable us to meet the substantial and evolving needs of our customers, while delivering the best possible customer experience.
www.dailynews.lk
The execution of clear strategic priorities lead to the sustained growth of Gross Written Premium (GWP) by 7.1 per cent to Rs 10,213 million compared with Rs 9,536 million in 2013.
Investment income,including gains,grew by 6.8 per cent to Rs 4,707 million, mainly due to the increase in market values of equity securities Life insurance GWP grewby 5.9 per cent to Rs 7,267 million General insurance GWP increased by 10 per cent to Rs 2,946 million Solid performance with significant investment in countrywide expansion.
Consolidated profit after tax was lower at Rs 352 million,including a significant investment in expanding our branch network to deliver long-term,sustainable growth and lower investment income from a reduction in interest rates. A life surplus of Rs 100 million was declared
AIA Sri Lanka CEO Shah Rouf said: "In 2014 we continued our focus on delivering quality growth through the execution of our strategic priorities. During the year, we successfully expanded our footprint across Sri Lanka by increasing our branch network to 123 locations and growing our number of Wealth Planners to over 5,000.
"Our customers are at the heart of what we do and our investment in expanding our business will enable us to meet the substantial and evolving needs of our customers, while delivering the best possible customer experience.
www.dailynews.lk
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